Odaily Planet Daily reported that The Kobeissi Letter published an article on the X platform stating that a Goldman Sachs survey showed that institutional investors remain optimistic about stocks and gold.

About 25% of investors surveyed said their favorite trade this quarter was "long gold," the highest level for the second consecutive month, followed by "long AI" stocks at about 18%.

Forty percent of respondents expect the S&P 500 to outperform other major global indices in October. Overall, 52% of respondents expressed optimism about the stock market, the highest level since December 2024.

Furthermore, 55% of participants said they were most bullish on companies in the AI infrastructure sector, while their positions in the “Magnificent 7” tech stocks reached their highest level since at least June 2024.